1. The above statement of audited results was reviewed by the Audit Committee and approved by the Board of Directors at their respective meetings, held on April 29, 2009. 

2. The Board of Directors have recommended a dividend of Rs 2/- per share (on face value of Rs 2/- per share).

3. Other Income for the year includes Rs 2875 Lakhs, being the profit on sale of land and building at Madhavaram. The other income for previous year includes Rs 5579 lakhs profit relating to sale of land and building at Pallkaranol and Varvala units and Rs 1147 lakhs profit on sale of investments.

4. Figures for the previous periods have been regrouped and reclassified, wherever considered necessary. The consolidated result for the current quarter/ full year includes the figures of Voizhsky Abrasive Works, Russia, which was acquired in September 2007 and the figures of M/s Foskor Zirconia (Pty) Ltd, South Africa which was acquired in August 2008.